Netherlands Trade Surplus Widens in February


Netherlands' trade surplus rose to € 3.79B from € 2.88B a year earlier. The volume of exports of goods grew by 3 percent in February relative to twelve months previously. Over the past five months, exports growth ranged between 3 and 6 percent. The volume of imports increased by 1.5 percent in February, the lowest growth rate in almost twelve months.

The value of exported goods totalled 35.0 billion euros, approximately the same result as one year previously. The value of imported goods decreased by 3 percent to 31.2 billion euros, resulting in a trade surplus of 3.8 billion euros, i.e. an increase by 0.9 billion euros relative to February 2012. February 2013 had one working day less than February 2012.

The value of imports and exports of food, drinks, raw materials and mineral fuels improved relative to the same month one year previously. The value of exports of chemical products also grew. The value of imports from non-EU countries declined substantially, whereas the value of imports from EU countries improved.
 
Import prices were 0.2 up from one year previously, while export prices remained stable. As a result, terms of trade deteriorated marginally compared to February 2012.

CBS | Nuno Fontes | nuno@tradingeconomics.com
4/15/2013 10:39:29 AM